The government on Monday said it has received multiple preliminary bids for buying Ferro Scrap Nigam Ltd (FSNL). The Department of Investment and Public Asset Management (DIPAM) had in March invited bids for strategic sale of FSNL. The last date for putting in bids was May 5 which was later extended to June 17.
"Multiple Expressions of interest (EOIs) received for Strategic Disinvestment of Ferro Scrap Nigam Ltd (FSNL)- a wholly owned subsidiary of MSTC Ltd," DIPAM Secretary Tuhin Kanta Pandey tweeted. After completion of due diligence, DIPAM would invite financial bids from potential buyers of FSNL.
Incorporated in 1979, FSNL is a subsidiary of MSTC, which comes under the steel ministry. The company is a pioneer in metal scrap recovery and slag handling in India. The government has budgeted to collect Rs 65,000 crore through CPSE disinvestments in 2022-23. So far, it has mopped up Rs 24,544 crore through minority stake sale and share buy back.
(PTI)
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google